Laissez-Faire is a French term for "leave it alone" or "invisible hand" in economics, coined by 18th century Scotsman Adam Smith, who greatly influenced modern-day American capitalism. ... And while Adam Smith did not have a direct hand on framing the Constitution, he certainly had a strong indirect play with his work and many economic theories (Beggs. ... The government, as stated, has a playing hand, perhaps larger than laissez-faire as suggested by Adam Smith, but a vitally important role nonetheless and certainly one that cannot be belittled. ...

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• Grade Level: Undergraduate